Fifth Third Bank on:
[Wikipedia]
[Google]
[Amazon]
Fifth Third Bank (5/3 Bank), the principal subsidiary of Fifth Third Bancorp is an American
Fifth Third Bank (5/3 Bank), the principal subsidiary of Fifth Third Bancorp is an American bank holding company
A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') is often used to refer to these companies as well.
United Stat ...
headquartered in Cincinnati, Ohio
Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state lin ...
. Fifth Third is one of the largest consumer banks in the Midwestern United States
The Midwestern United States, also referred to as the Midwest or the American Midwest, is one of four census regions of the United States Census Bureau (also known as "Region 2"). It occupies the northern central part of the United States. I ...
, Fifth Third Bank is incorporated in Ohio
Ohio () is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Of the List of states and territories of the United States, fifty U.S. states, it is the List of U.S. states and territories by area, 34th-l ...
. It was state-chartered until late 2019, when it obtained a national charter.
Fifth Third's client base spans retail, small business, corporate, and investment clients. Fifth Third operates 1,100 branches and 50,000 automated teller machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, f ...
s which are in 11 states: Ohio
Ohio () is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Of the List of states and territories of the United States, fifty U.S. states, it is the List of U.S. states and territories by area, 34th-l ...
, Florida
Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, a ...
, Georgia
Georgia most commonly refers to:
* Georgia (country), a country in the Caucasus region of Eurasia
* Georgia (U.S. state), a state in the Southeast United States
Georgia may also refer to:
Places
Historical states and entities
* Related to t ...
, Illinois
Illinois ( ) is a state in the Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria and Roc ...
, Indiana
Indiana () is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th ...
, Kentucky
Kentucky ( , ), officially the Commonwealth of Kentucky, is a state in the Southeastern region of the United States and one of the states of the Upper South. It borders Illinois, Indiana, and Ohio to the north; West Virginia and Virgini ...
, Michigan
Michigan () is a U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the List of U.S. states and ...
, North Carolina
North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia a ...
, South Carolina
)'' Animis opibusque parati'' ( for, , Latin, Prepared in mind and resources, links=no)
, anthem = "Carolina";" South Carolina On My Mind"
, Former = Province of South Carolina
, seat = Columbia
, LargestCity = Charleston
, LargestMetro = G ...
, Tennessee
Tennessee ( , ), officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States. Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. It is bordered by Kentucky to ...
, and West Virginia
West Virginia is a state in the Appalachian, Mid-Atlantic and Southeastern regions of the United States.The Census Bureau and the Association of American Geographers classify West Virginia as part of the Southern United States while the ...
The name "Fifth Third" is derived from the names of the bank's two predecessor companies, Third National Bank and Fifth National Bank, which merged in 1909.
The company is ranked 415th on the Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by '' Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...
. Fifth Third Bank is one of the largest banks in the United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five ma ...
.
History
Bank of the Ohio Valley
On June 17, 1858, the Bank of the Ohio Valley opened inCincinnati, Ohio
Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state lin ...
. On June 23, 1863, the Third National Bank was organized. On April 29, 1871, Third National Bank came into possession of Bank of the Ohio Valley and by 1882 the bank's capital was around $16 million, considered to be the largest bank capital in the state at the time. In 1888, Queen City National Bank changed its name to Fifth National Bank.
Merger of Third National Bank and Fifth National Bank
On June 1, 1908, Third National Bank and Fifth National Bank merged to become the Fifth-Third National Bank of Cincinnati; the hyphen was later dropped. The merger took place whenprohibition
Prohibition is the act or practice of forbidding something by law; more particularly the term refers to the banning of the manufacture, storage (whether in barrels or in bottles), transportation, sale, possession, and consumption of alcoholic ...
ist ideas were gaining popularity, and it is a legend that "Fifth Third" was better than "Third Fifth", which could have been construed as a reference to three fifths of alcohol. The name went through several changes until March 24, 1969, when it was changed to Fifth Third Bank.
Current day operations
In November 2008, theUnited States Department of the Treasury
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and ...
invested $3.4 billion in the company as part of the Troubled Asset Relief Program
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President ...
and in February 2011, the company repurchased the investment from the Treasury.
For the year 2020 Fifth Third originated nearly 56,000 mortgages with a value of $10.6 billion.
In January 2022, Fifth Third announced it had acquired the San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...
-based residential solar power lender, Dividend Finance.
Notable corporate buildings
* Fifth Third Center inGrand Rapids, Michigan
Grand Rapids is a city and county seat of Kent County, Michigan, Kent County in the U.S. state of Michigan. At the 2020 United States census, 2020 census, the city had a population of 198,917 which ranks it as the List of municipalities in Mi ...
* Fifth Third Center in Charlotte, North Carolina
Charlotte ( ) is the List of municipalities in North Carolina, most populous city in the U.S. state of North Carolina. Located in the Piedmont (United States), Piedmont region, it is the county seat of Mecklenburg County, North Carolina, Meckl ...
* Fifth Third Center in Cincinnati, Ohio
Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state lin ...
* Fifth Third Center in Cleveland, Ohio
* Fifth Third Center in Columbus, Ohio
Columbus () is the state capital and the most populous city in the U.S. state of Ohio. With a 2020 census population of 905,748, it is the 14th-most populous city in the U.S., the second-most populous city in the Midwest, after Chicago, an ...
* Fifth Third Center at One SeaGate
Fifth Third Center at One SeaGate is the 2nd tallest building in Toledo, behind the Cleveland Cliffs Furnace Tower (457 feet). Until 2006, the building served as the world headquarters for Owens-Illinois. In 2007, Fifth Third Bank moved their N ...
in Toledo, Ohio
Toledo ( ) is a city in and the county seat of Lucas County, Ohio, United States. A major Midwestern United States port city, Toledo is the fourth-most populous city in the state of Ohio, after Columbus, Cleveland, and Cincinnati, and accordin ...
* Fifth Third Center in Dayton, Ohio
Dayton () is the sixth-largest city in the U.S. state of Ohio and the county seat of Montgomery County. A small part of the city extends into Greene County. The 2020 U.S. census estimate put the city population at 137,644, while Greater ...
* Fifth Third Center in Nashville, Tennessee
Nashville is the capital city of the U.S. state of Tennessee and the seat of Davidson County. With a population of 689,447 at the 2020 U.S. census, Nashville is the most populous city in the state, 21st most-populous city in the U.S., and t ...
* Fifth Third Center in Tampa, Florida
Tampa () is a city on the Gulf Coast of the U.S. state of Florida. The city's borders include the north shore of Tampa Bay and the east shore of Old Tampa Bay. Tampa is the largest city in the Tampa Bay area and the seat of Hillsborough C ...
Naming rights and sponsorships
Fifth Third owns corporatenaming rights
Naming rights are a financial transaction and form of advertising or memorialization whereby a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event, typically for a defined period of t ...
to the following:
* Fifth Third Field, a baseball stadium in Toledo, Ohio
Toledo ( ) is a city in and the county seat of Lucas County, Ohio, United States. A major Midwestern United States port city, Toledo is the fourth-most populous city in the state of Ohio, after Columbus, Cleveland, and Cincinnati, and accordin ...
, home of the Toledo Mud Hens
The Toledo Mud Hens are a Minor League Baseball team of the International League and the Triple-A affiliate of the Detroit Tigers. They are located in Toledo, Ohio, and play their home games at Fifth Third Field. A Mud Hens team has played ...
, the Triple-A minor league baseball affiliate of the Detroit Tigers
The Detroit Tigers are an American professional baseball team based in Detroit. The Tigers compete in Major League Baseball (MLB) as a member of the American League (AL) Central division. One of the AL's eight charter franchises, the club was f ...
.
* Fifth Third Arena, an indoor arena
An arena is a large enclosed platform, often circular or oval-shaped, designed to showcase theatre, musical performances, or sporting events. It is composed of a large open space surrounded on most or all sides by tiered seating for spectator ...
on the campus of the University of Cincinnati
The University of Cincinnati (UC or Cincinnati) is a public research university in Cincinnati, Ohio. Founded in 1819 as Cincinnati College, it is the oldest institution of higher education in Cincinnati and has an annual enrollment of over 44,00 ...
, home of the Cincinnati Bearcats
The Cincinnati Bearcats are the athletic teams that represent the University of Cincinnati. Though they will move to the Big 12 Conference (XII) the teams are currently a part of the American Athletic Conference (The American), which from 1979 ...
Athletics.
* Fifth Third Arena, an indoor arena
An arena is a large enclosed platform, often circular or oval-shaped, designed to showcase theatre, musical performances, or sporting events. It is composed of a large open space surrounded on most or all sides by tiered seating for spectator ...
in Chicago, Illinois
(''City in a Garden''); I Will
, image_map =
, map_caption = Interactive Map of Chicago
, coordinates =
, coordinates_footnotes =
, subdivision_type = List of sovereign states, Count ...
, practice facility of the Chicago Blackhawks
The Chicago Blackhawks (spelled Black Hawks until 1986, and known colloquially as the Hawks) are a professional ice hockey team based in Chicago. The Blackhawks compete in the National Hockey League (NHL) as a member of the Central Division i ...
.
* Fifth Third Bank Stadium
Fifth Third Bank Stadium, known as Kennesaw State University Stadium until 2013, is a stadium near Kennesaw, Georgia, that is primarily used as the home for the Kennesaw State Owls football team as well as the KSU women's soccer and women's la ...
, a football stadium in Kennesaw, Georgia
Kennesaw is a suburban city northwest of Atlanta in Cobb County, Georgia, United States, located within the greater Atlanta metropolitan area. Known from its original settlement in the 1830s until 1887 as Big Shanty, it became Kennesaw under its ...
, home of the Kennesaw State Owls Athletics.
Fifth Third Bank is a sponsor of:
* Cincinnati Bengals
The Cincinnati Bengals are a professional American football team based in Cincinnati. The Bengals compete in the National Football League (NFL) as a member club of the league's American Football Conference (AFC) North division. The club's home ...
– Official Bank of the Cincinnati Bengals.
* Nashville Predators
The Nashville Predators (commonly referred to as the Preds) are a professional ice hockey team based in Nashville, Tennessee. They compete in the National Hockey League (NHL) as a member of the Central Division in the Western Conference, and ha ...
– Official Bank of the Nashville Predators.
* Chicago Blackhawks
The Chicago Blackhawks (spelled Black Hawks until 1986, and known colloquially as the Hawks) are a professional ice hockey team based in Chicago. The Blackhawks compete in the National Hockey League (NHL) as a member of the Central Division i ...
– Official Partner of the Chicago Blackhawks.
* Tampa Bay Buccaneers
The Tampa Bay Buccaneers are a professional American football team based in Tampa, Florida. The Buccaneers compete in the National Football League (NFL) as a member club of the league's National Football Conference (NFC) NFC South, South divisio ...
– Official Bank of the Tampa Bay Buccaneers.
* Los Angeles Lakers – Official Partner of the Los Angeles Lakers.
* Kennesaw State University
Kennesaw State University (KSU) is a public research university located in the state of Georgia with two different campuses in the Atlanta metropolitan area, one in Kennesaw and the other in Marietta on a combined of land. The school was fo ...
– Official Bank of the Kennesaw State Athletics.
* University of Cincinnati
The University of Cincinnati (UC or Cincinnati) is a public research university in Cincinnati, Ohio. Founded in 1819 as Cincinnati College, it is the oldest institution of higher education in Cincinnati and has an annual enrollment of over 44,00 ...
– Official Partner of the University of Cincinnati.
* University of Dayton
The University of Dayton (UD) is a private, Catholic research university in Dayton, Ohio. Founded in 1850 by the Society of Mary, it is one of three Marianist universities in the nation and the second-largest private university in Ohio. The uni ...
– Official Bank of the University of Dayton.
* Toledo Mud Hens
The Toledo Mud Hens are a Minor League Baseball team of the International League and the Triple-A affiliate of the Detroit Tigers. They are located in Toledo, Ohio, and play their home games at Fifth Third Field. A Mud Hens team has played ...
– Official Bank of the Toledo Mud Hens.
* Columbus Zoo
The Columbus Zoo and Aquarium is a non-profit zoo located near Powell, Ohio, Powell in Liberty Township, Delaware County, Ohio, Liberty Township, Delaware County, Ohio, Delaware County, Ohio, United States, north of the city of Columbus, Ohio, Co ...
– Official Bank of the Columbus Zoo.
* Gary SouthShore RailCats – Official Bank of the Gary SouthShore RailCats.
* RFK Racing – Primary Sponsor of the No. 17 Ford Mustang GT
The Ford Mustang is a series of American automobiles manufactured by Ford. In continuous production since 1964, the Mustang is currently the longest-produced Ford car nameplate. Currently in its sixth generation, it is the fifth-best selli ...
for Chris Buescher in the NASCAR Cup Series
The NASCAR Cup Series is the top racing series of the NASCAR, National Association for Stock Car Auto Racing (NASCAR). The series began in 1949 as the Strictly Stock Division, and from 1950 to 1970 it was known as the Grand National Division. ...
.
See also
*References
External links
* {{Authority control Banks based in Ohio Cincinnati 1858 establishments in Ohio Companies based in Cincinnati American companies established in 1858 Banks established in 1858 Companies listed on the Nasdaq Economy of the Midwestern United States Economy of the Southeastern United States Online brokerages Primary dealers Subprime mortgage lenders Systemically important financial institutions Investment banks in the United States Mortgage lenders of the United States Rogue trading banks